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15
Sep

7 Reasons to Lease a Used Commercial Truck

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Many companies and self-employed people throughout Canada require commercial trucks in order to facilitate their businesses. Truck leasing has become a common if not preferred financing option due to the many benefits it provides, but perhaps what is most intriguing is that more and more of these leases are for used trucks rather than new vehicles. With that in mind, let us consider seven reasons to lease a pre-owned vehicle rather than one fresh off the line. Avoidance of Significant Depreciation Among the most daunting aspects of owning new commercial trucks is depreciation. Your new truck depreciates the moment you sign on the dotted line. A used truck, on the other hand, has already undergone that initial depreciation and is now just subject to the year-to-year devaluation. It’s worth mentioning that commercial truck leasing and vehicle leasing, in general, do account for depreciation to some degree but certainly not all…

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22
Feb

Buying VS Leasing: Which Is More Cost Effective?

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There are many factors that determine whether or not a business should lease or buy its equipment. One of the most important factors business owners should keep in mind is taxes. The tax consequences of buying a truck are different from that of leasing. When it comes to leasing, there are generally two types: operating lease and capital lease. The type of leasing the business chooses to go with will determine how it will show in their balance sheets, and therefore, show in their tax implications. Operating Lease When a business owner uses an asset on an operating lease, the business assumes no risk or benefit beyond use of the asset under the agreed terms and conditions. At the end of the lease, the business owner must return the asset to the original owner. On the balance sheet, the owner’s lease is deducted as an expense. Capital Lease A capital…

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15
Feb

The Top 8 Must-Have Apps For Truckers

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Due to the demands of the job, truck drivers are turning to technology to make their lives a bit easier while on the road. Recent surveys show that drivers increasingly use their phones for a number of functions both work related and personal. To help you better decide what you do and don’t want to download, here are some of the top apps that our team thinks drivers should have on their smart phones. Trucker Tools With this app, truck drivers can obtain coupons for over 5000 stops in North America. Additionally, they can find the best gas prices and get directions to each stop to keep their costs at a minimum while on the road. GasBuddy This app is designed to provide information on the best fuel prices for truck drivers drawing on a network of users. The user-fueled network helps to provide up-to-date prices for thousands of fuel…

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8
Feb

The 7 Deadliest Highways In North America (And How To Stay S...

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Truck driving can be a pretty risky business, especially when it comes to driving along the many highways in North America. All highways are potentially dangerous, but in this article we’re taking a look at a list of the ones that are especially risky: Highway 10, Arizona This highway is 150 miles long and stretches from Phoenix to the border with California. There are 85 deaths per year on average on Highway 10, meaning someone loses their lives on this stretch every 4.5 days. Highway 2, Montana The location of this highway contributes in a large way to its reputation. The vast stretch of land on this highway offers the temptation for many motorists to test out the speed of their cars and, naturally, accidents occur. When they do, help takes a while to arrive because of the remote location. This is another contributing factor to the fatality rate. Highway…

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1
Feb

How Can Truck Drivers Stay Fit And Healthy?

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Truck driving can be a lucrative occupation, but it is also taxing on the body. You’re seated inside a truck for most of your day, are likely eating a lot of fast food, and are exposed to extreme weather conditions. However, if you make sure to exercise regularly, eat a relatively healthy diet and keep yourself hydrated you can keep your body in peak condition despite the rigours of the profession. Here are some of our favourite tips on how exactly you can go about staying fit and healthy on the road: Don’t just exercise – Do the right exercises Truck drivers sit. A lot. This can be bad for your back. Fortunately there are certain exercises you can do specifically for your back and neck. Back bends and Front bends are one of the easiest exercises you can do without any need for equipment. To perform a back bend,…

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29
Jan

5 Most Visited Truck Stops In North America

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Truck stops have been a driver’s home away from home for more than 60 years, offering all of the necessities while on the road. However, a recent study by Transport Canada highlighted the fact that not only are rest stops in Canada unsafe and lacking in service, there also aren’t that many of them, either. In fact, more than 60% of truck drivers found this to be the case. In lieu of a truck stop’s guidebook, this list is a compilation of not only the most visited truck stops in North America, but some of the best ones, too. South of the Border South of the Border is more than just a truck stop, it’s also a popular tourist attraction. Located off the i-95 in Hamer, South Carolina, this destination includes all of the standard amenities, as well as the largest indoor reptile exhibit in America, an amusement park, an…

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